Air Products & Chemicals, Inc. (NYSE:APD) – Equities researchers at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Air Products & Chemicals in a report issued on Tuesday, November 6th. KeyCorp analyst M. Sison forecasts that the basic materials company will post earnings of $1.87 per share for the quarter. KeyCorp also issued estimates for Air Products & Chemicals’ Q2 2019 earnings at $1.84 EPS and FY2019 earnings at $8.15 EPS.

APD has been the topic of several other reports. BMO Capital Markets set a $200.00 price target on shares of Air Products & Chemicals and gave the company a “buy” rating in a report on Thursday. Deutsche Bank boosted their price target on shares of Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded shares of Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a report on Monday, July 30th. Sanford C. Bernstein initiated coverage on shares of Air Products & Chemicals in a report on Monday, September 24th. They set an “outperform” rating and a $202.00 price target on the stock. Finally, Susquehanna Bancshares boosted their price target on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $187.64.

Shares of NYSE:APD opened at $159.90 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.24 and a current ratio of 2.17. Air Products & Chemicals has a 12-month low of $148.44 and a 12-month high of $175.17. The firm has a market cap of $35.30 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.47 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $1.76 EPS. The company’s revenue was up 4.3% on a year-over-year basis.

A number of large investors have recently modified their holdings of APD. Braun Bostich & Associates Inc. boosted its holdings in Air Products & Chemicals by 542.6% in the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 624 shares in the last quarter. IMS Capital Management bought a new stake in Air Products & Chemicals during the second quarter valued at about $146,000. NuWave Investment Management LLC boosted its holdings in Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares during the period. Vigilant Capital Management LLC bought a new stake in Air Products & Chemicals during the second quarter valued at about $158,000. Finally, Private Capital Group LLC boosted its holdings in Air Products & Chemicals by 52.6% during the second quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 429 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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